Graduates entering jobs in engineering were offered the highest annual salary, an average of $56,367. Jobs in accounting paid an entry-level salary of $50,402, while financial service organizations promised an average $49,703 to their new hires.

Employers sought students who were already prepared for the jobs, the association's report showed.

Accounting jobs went mainly to accounting majors, while engineering companies hired mechanical, electrical and civil engineers. Finance and accounting majors were offered the bulk of jobs at financial services organizations.

The association's report, published quarterly, tracks salary offers to new college graduates in 70 disciplines and collects data from college and university career centers across the country.

In Buffalo, New York, the city is selling vacant homes for a $1 to those who are willing to fix them up and live in them for a few years. But as many buyers soon find out, the cost to renovate these super cheap properties can quickly add up. More